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  • Donald Trump names David Sacks as “AI and crypto czar”

    Donald Trump names David Sacks as “AI and crypto czar”

    • David Sacks is the former PayPal COO and founder of Yammer, a SaaS company
    • He will work on a legal framework providing the crypto industry with the clarity it wants

    US President-elect Donald Trump has announced that David Sacks will be the lead policy advisor on artificial intelligence and crypto, dubbing him the “White House AI and Crypto Czar.”

    In a post on his social media platform Truth, Trump wrote that Sacks will take up the role which are “two areas critical to the future of American competitiveness,” adding, among other things, that “he will work on a legal framework so the crypto industry has the clarity it has been asking for, and can thrive in the US.”

    As part of his role, Trump added that David will focus on making America a “global leader” in these areas, something Trump promised during his election campaign in August.

    During the US election, Trump has focused more on being pro-crypto, and became the first US president to use the Bitcoin network. He achieved this after sending a Bitcoin transaction at PubKey, a crypto-themed bar in New York ahead of his campaign rally in Long Island in September.

    Since winning the election in November against current vice president Kamala Harris, Trump has been appointing pro-crypto candidates for his administration before he enters the White House next month.

    Earlier this week, Trump named pro-crypto Paul Atkins as the next chair of the US Securities and Exchange Commission (SEC), helping push Bitcoin to over $100,000 for the first time. Trump also has Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy leading the Department of Government Efficiency (DOGE) to “dismantle government bureaucracy.”

    Musk, who was a familiar face during Trump’s election campaign, is reported to have donated over $250 million to Trump’s campaign, reports the Financial Times.

    Elsewhere, in November, Trump named Howard Lutnick, CEO of Cantor Fitzgerald, a financial services firm, as the US Commerce Secretary.

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  • Peter Todd forced underground after HBO documentary names him Bitcoin’s creator

    Peter Todd forced underground after HBO documentary names him Bitcoin’s creator

    • Peter Todd said he didn’t realize the HBO documentary was trying to unveil the identity of Bitcoin’s creator, but rather go into the history of the crypto asset
    • Cullen Hoback, director of the documentary, claims that Todd is blowing things out of proportion saying his life is in danger after being named Nakamoto

    Peter Todd, a Bitcoin core developer, has gone into hiding over fears for his safety after an HBO documentary named him Bitcoin’s creator, Satoshi Nakamoto.

    Aired earlier this month and directed by Cullen Hoback, the “Money Electric: The Bitcoin Mystery,” examined Bitcoin’s early days and some of its key figures, one of which was Todd. Another was Blockstream founder Adam Back.

    During the documentary’s finale, when confronted with a question from Hoback, Todd said: “Yeah, I’m Satoshi Nakamoto.”

    Ahead of the documentary’s release, Todd denied he was Satoshi. Following the documentary’s release, Todd took to social media again to deny he was Satoshi after someone called him out, writing, “I’m not Satoshi.”

    No one should help to find Satoshi

    In an interview with Wired, Todd indicated that he’s gone into hiding following the documentary over fears for his safety.

    Harassment Todd’s faced includes receiving 25 emails over two days for someone asking him to help repay a loan.

    In an email to the publication, Todd said:

    “Obviously, falsely claiming that ordinary people of ordinary wealth are extraordinarily rich exposes them to threats like robbery and kidnapping.”

    According to Todd, he didn’t realize the documentary was trying to uncover the mysterious creator of Bitcoin, but rather document the crypto asset’s history.

    Todd added: “Not only is the question dumb, it’s dangerous. Satoshi obviously didn’t want to be found, for good reasons, and no one should help people trying to find Satoshi.”

    In Hoback’s view, Todd is blowing things out of proportion and that nothing terrible has happened to other people who were believed to be Satoshi.

    According to Hoback, unveiling the identity of Satoshi is a matter of public interest and “pretty important” because that person is “potentially on track to become the wealthiest on Earth.”

    Hoback’s reasoning behind Todd being Bitcoin’s creator lies in a 2010 web forum post in which Todd responded to one of Satoshi’s posts. According to Hoback, Todd’s post is a continuation of Satoshi’s that was mistakenly sent from Todd’s account rather than Satoshi’s.

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